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Nonprofiteer
← NORTHWEST NATIVE DEVELOPMENT FUND

Form 990 for tax year 2022

Filed by NORTHWEST NATIVE DEVELOPMENT FUND.

Totals

Total revenue
$873,444
Total expenses
$793,047
Contributions and grants received
$463,013
Grants paid
$0
Program service revenue
$414,136
Investment income
$3,246
Other revenue
-$6,951
Total assets, end of year
$14,910,017
Total liabilities, end of year
$4,349,668
Net assets or fund balances, end of year
$10,560,349
Program services expenses (Part IX)
$562,139
Management and general expenses
$183,957
Fundraising expenses
$46,951
Program service expenses (Part III)
$562,139

Program services were 70.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $159,000

  • 1f · All other contributions, gifts and grants

    $304,013

  • 2a · Program service revenue: LOAN INTEREST AND FEES

    total $346,908 · related or exempt $346,908

  • 2b · Program service revenue: CONTRACT REVENUE

    total $67,228 · related or exempt $67,228

  • 3 · Investment income

    total $3,246 · excluded $3,246

  • 8a · Fundraising events: gross income

    $9,544

  • 8b · Fundraising events: direct expenses

    $17,605

  • 8c · Net income from fundraising events

    total -$8,061 · excluded -$8,061

  • 11a · Other revenue: OTHER REVENUE

    total $1,110 · excluded $1,110

  • 11e · Other revenue, total

    $1,110

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $105,603 · program services $80,932 · management and general $17,153 · fundraising $7,518

  • 7 · Other salaries and wages

    total $214,740 · program services $153,062 · management and general $40,151 · fundraising $21,527

  • 8 · Pension plan contributions

    total $13,311 · program services $9,704 · management and general $2,396 · fundraising $1,211

  • 9 · Other employee benefits

    total $20,607 · program services $14,565 · management and general $4,071 · fundraising $1,971

  • 10 · Payroll taxes

    total $26,603 · program services $19,394 · management and general $4,789 · fundraising $2,420

  • 11b · Fees: legal

    total $6,551 · program services $6,551

  • 11c · Fees: accounting

    total $52,220 · management and general $52,220

  • 11g · Fees: other

    total $46,547 · program services $16,168 · management and general $23,559 · fundraising $6,820

  • 12 · Advertising and promotion

    total $27,232 · program services $27,232

  • 13 · Office expenses

    total $43,184 · program services $30,867 · management and general $8,888 · fundraising $3,429

  • 16 · Occupancy

    total $25,797 · program services $18,885 · management and general $5,114 · fundraising $1,798

  • 17 · Travel

    total $48,474 · program services $39,787 · management and general $8,532 · fundraising $155

  • 19 · Conferences, conventions and meetings

    total $32,068 · program services $26,321 · management and general $5,645 · fundraising $102

  • 20 · Interest

    total $48,536 · program services $48,536

  • 22 · Depreciation, depletion and amortization

    total $1,198 · management and general $1,198

  • 23 · Insurance

    total $9,577 · management and general $9,577

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $34,918 · program services $34,918

  • 24b · Other expenses: OUTREACH AND COMMUNITY

    total $25,489 · program services $25,489

  • 24c · Other expenses: IDA MATCH EXPENSE

    total $8,000 · program services $8,000

  • 24d · Other expenses: OTHER

    total $2,392 · program services $1,728 · management and general $664

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,099,125 · end of year $3,733,318

  • 2 · Savings and temporary cash investments

    beginning of year $2,880,135 · end of year $2,786,795

  • 3 · Pledges and grants receivable

    beginning of year $2,017,796 · end of year $1,449,496

  • 5 · Loans and receivables from officers and key people

    beginning of year $58,353 · end of year $62,893

  • 7 · Other notes and loans receivable

    beginning of year $5,813,714 · end of year $6,209,502

  • 10a · Land, buildings and equipment: cost or other basis

    $29,505

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,458

  • 10c · Land, buildings and equipment, net

    beginning of year $3,245 · end of year $2,047

  • 15 · Other assets

    beginning of year $309,036 · end of year $665,966

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,436 · end of year $125,404

  • 25 · Other liabilities

    beginning of year $3,635,016 · end of year $4,224,264

  • 27 · Net assets without donor restrictions

    beginning of year $5,518,919 · end of year $6,280,428

  • 28 · Net assets with donor restrictions

    beginning of year $4,961,033 · end of year $4,279,921

Mission and programs · 2022

Mission

THE ORGANIZATION SEEKS TO FOSTER ECONOMIC AND FINANCIAL INDEPENDENCE FOR NATIVE PEOPLE BY ASSISTING IN THE DEVELOPMENT OF PERSONAL ASSETS THROUGH FINANCIAL AND ENTREPRENEURIAL EDUCATION AS WELL AS PROVIDING ACCESS TO CAPITAL THROUGH CREATIVE LENDING PRODUCTS.

Activities or mission (Part I)

TO FOSTER ECONOMIC AND FINANCIAL INDEPENDENCE FOR NATIVE PEOPLE.

  • DURING 2022, THE ORGANIZATION MADE 58 LOANS TOTALING $2,854,676. THE FUNDS WERE DISBURSED THROUGH 12 SMALL BUSINESS LOANS, 2 COMMERCIAL LOANS, 3 HOME AND 35 CONSUMER LOANS, 5 MERCY LOANS AND 1 JUDGMENT LOAN.

    Expenses $547,947 · Revenue $414,136

  • INDIANPRENUERSHIP WAS FOSTERED THROUGH BOTH GROUP AND ONE-ON-ONE MEETINGS LOCATED IN OMAK, SPOKANE, AND COULEE DAM. THESE SMALL BUSINESS COUNSELING SESSIONS LED TO FUNCTIONAL BUSINESS PLANS, AS WELL AS MARKETING PLANS.

    Expenses $12,732

  • THE ORGANIZATION CONDUCTED SEVERAL OUTREACH AND COMMUNITY ENGAGEMENT WORKSHOPS THAT FOCUSED ON FINANCIAL SUBJECTS INCLUDING BUDGETING, HOMEOWNERSHIP, FINANCIAL SOFTWARE, AND BUSINESS PLANNING.

    Expenses $1,460

As filed on the 2022 return.

Listed in Part VII

  • Kenneth Stanger

    CHAIRMAN

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Terry Payne

    VICE CHAIR

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Marina Turningrobe

    TREASURER

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Molly Morris-Hobrecht

    SECRETARY

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Kim Peone

    DIRECTOR

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Theodore Piccolo

    EXECUTIVE DIRECTOR

    Total calculated
    $105,300
    From this org
    $99,300
    From related orgs
    $0
    Other
    $6,000
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349318209

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